Separately, BidaskClub downgraded shares of Stratasys from a sell rating to a strong sell rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Stratasys presently has an average rating of Hold and an average target price of $25.50.
Shares of NASDAQ:SSYS opened at $20.42 on Friday. The company has a market cap of $1.10 billion, a PE ratio of 88.78, a P/E/G ratio of 2.86 and a beta of 1.98. The company’s 50-day moving average price is $22.40 and its 200 day moving average price is $24.18. Stratasys has a fifty-two week low of $17.06 and a fifty-two week high of $30.60. The company has a quick ratio of 3.02, a current ratio of 3.85 and a debt-to-equity ratio of 0.01.
Hedge funds have recently added to or reduced their stakes in the business. Stonebridge Capital Advisors LLC bought a new stake in shares of Stratasys during the 2nd quarter worth about $56,000. Aperio Group LLC bought a new stake in shares of Stratasys during the 2nd quarter worth about $125,000. Panagora Asset Management Inc. bought a new stake in shares of Stratasys during the 2nd quarter worth about $125,000. CSat Investment Advisory L.P. bought a new stake in shares of Stratasys during the 2nd quarter worth about $136,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Stratasys during the 2nd quarter worth about $159,000. Institutional investors own 79.09% of the company’s stock.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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